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What are the taxes applicable on Air Freight?

August 17, 2022 8606 Read More

Several taxes are levied on air freight services and understanding them is vital if the corporate wants to use air freig

Air Freight charges explained (FSC & SSC)

August 16, 2022 13012 Read More

Fuel Surcharge or FSC:Fee assessed by a carrier to account for regional / differences due to the season in fuel costs. A

What are the pros & cons of Air Export-Import?

August 15, 2022 7997 Read More

What are the proscons of Air Export-Import?ProsConsHigh speedHigh costAllows Transport of Perishable GoodsHigh RiskNo In

What is IATA?

August 14, 2022 6608 Read More

The Indian airline trade association is an association of the world's airlines founded in 1945. IATA is the system t

Air Freight-How to calculate Volumetric weight?

August 13, 2022 5574 Read More

All means of freight transportation are ruled by weight and cubic measurement factors, where the carrier will charg

Air Freight-How to calculate Chargeable Weight?

August 12, 2022 7168 Read More

If weight in kgVolumetric weight:Step 1:Calculate the capacity of the air freight shipmentStep 2:Convert cubic inches in

What is de minimis value?

August 11, 2022 7132 Read More

The duty or tax-free amount is known as ‘de minimis value.’ It is a country-specific value and taxes are exempted belo

What are the taxes applicable on Ocean Freight?

August 10, 2022 6975 Read More

Shipping goods is quite a complex process and an integral part of this process is dealing with a wide range of taxes inv

What are port charges?

August 09, 2022 7081 Read More

As the name implies port charges refer to the charges levied by port authorities on the containers it handles. Some of t

How to determine Ocean Freight Rates?

August 08, 2022 6756 Read More

Majority of businesses across the globe rely on the ocean for moving their goods internationally. Ocean shipment is know

How are detention and demurrage charges calculated?

August 07, 2022 6685 Read More

Here is an example to demonstrate how detention and demurrage charges are calculated:A container is discharged off a shi

What are port free days and line-free days?

August 06, 2022 6578 Read More

Port free days refers to the number of days for which a port allows the importer to keep the containers in the port area

What are detention and demurrage charges?

August 05, 2022 6493 Read More

Detention chargesDemurrage chargesDetention charges are levied by the shipping line to the importer when the importer ta

What is the difference between NVOCC and freight forwarders?

August 04, 2022 6172 Read More

Freight forwardersNVOCCFreight forwarders provide consultancy services and help the shipper with customs-related documen

What is NVOCC?

August 03, 2022 6286 Read More

An ocean carrier that moves cargo under its own House Bill of Lading or an equivalent document and does not operate the

What is IHC?

August 02, 2022 7843 Read More

IHC stands for Inland Haulage Charges and refers to the transportation charge incurred due to transportation of containe

What is the difference between LCL and FCL?

August 01, 2022 6643 Read More

FCL or Full Container Loadis a standard set by the ISO (International Organisation for Standardisation) which refers to

Terminal Terms

March 28, 2019 3541 Read More

Terminal Fee TermsTerminal Handling Charge at Load (THC)Shanghai Port Surcharge (SPS)Origin Receiving Charge (ORC)DEMURR

Cargo Nature Definitions

March 28, 2019 3904 Read More

GC = General CargoRF = Refrigerated CargoAW = Awkward Cargo (Out of Gauge Cargo)AD = Awkward Dangerous Cargo (Out of Gau

It’s a good time to be a homeowner in China. It’s a bad time to be a Chinese central banker.

September 01, 2018 758 Read More

It’s a good time to be a homeowner in China. It’s a bad time to be a Chinese central banker.Chinese home prices rallie

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